Based on the relevant information I have found, Ocean Power Technologies (OPTT) is currently down due to the following reasons:
📉 Capital Flow Pressure:
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Total Inflow: $500.6K
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Total Outflow: $741.4K
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Notably, there is a higher large outflow ($265.5K) compared to large inflow ($138.4K), which indicates that institutional or larger investors are pulling out funds—this often exerts downward pressure on the stock price.
📰 No Direct News About a Stock Split:
There is no current news confirming a stock split. However, a recent article on August 14 mentioned a product upgrade announcement, but it does not relate to a stock split:
So, the decline in stock price appears to be mainly driven by capital outflows rather than any news about a stock split.
Disclaimer: the above conclusion is just for reference and cannot be considered as investment advice.
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